In this course, you will learn about OBAs – what they are, what they are not, what is and what is not reportable, and you will receive a basic guideline to help you better understand OBAs and the reporting requirements associated with them.

Upon completing this couse, you should:

• have a solid understanding of OBAs and what they are;
• be familiar with FINRA’s OBA rule and its reporting requirements;
• understand the importance of timeliness in reporting OBAs;
• know the difference between regular OBAs and private securities transactions, and the importance of that distinction;
• be aware of the role supervision plays in OBAs and reporting; and
• know what the possible sanctions are for violating the reporting requirements.